MHR 523 Study Guide - Midterm Guide: Succession Planning, Human Capital, Job Analysis
21 Feb 2021
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Document Summary
Defined by the relationship between an employer and an employee where there are unwritten mutual expectations for each side. Ensures an organization will be successful by having the right people, in the right places, doing the right things. Focuses on the effective deployment and development of its employees. Human capital develops employee"s knowledge and skills, while human resource helps improve employee"s quality life in organization. Economic value of a worker"s experience and skills. Includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. Ensuring key positions have people ready to step in. Evaluating and communicating info related to performance. Not all organizations have a formal hr professionals or departments. Provide best practises and tools to all managers. Develop hr strategies to support business strategy. Development and implementation of hrm systems, practices, and policies, that enable the employees to achieve business objectives. Need to increase exports while addressing environmental concerns.
